By: Stewart Thomson, Graceland Updates: 1. As US markets re-open after the holiday, the world's "queen of assets" continues her glorious ascent to higher prices. Please click here now. Double-click to enlarge this magnificent short term gold chart.2. The rise above $1332 ushers in my new short-term target: $1355!3. Please click here now. Gold is well on its way to be...Read More
By: Captain Ewave GOLD: Short Term Update: Gold reached a low of 1305.30 this past week, but by the end of week we had moved higher to close in the 1324.80 area. We also had a key weekly reversal higher which is bullish and suggests higher prices are coming in the short term! We updated our count this week to a more bullish count that is suggesting that all of wave ?iii? of !iii! ended at...Read More
By: Jordan Roy-Byrne CMT, MFTARoughly one year ago and prior to that we observed that the gold stocks could be following the recovery template from what we deemed a "mega bear market."We define that as a bear market that is over two and a half years in time and over 80% in price. It cuts both ways.The gold stocks from 2011 to January 2016 had declined more than 80% and for more than four years....Read More
So much for the wall of worry! Bulls have improbably shrugged off steep downturns in the housing and auto sectors, rising interest rates, a costly tariff war with China, the pernicious rise of socialism on Capitol Hill, the economic implosion of China and Germany, a strong dollar that has sapped the earning of U.S. multinationals; and, most recently, evidence that retail sales nosedived during t...Read More
China has been increasing gold reserves as a buffer to blackmail by USA and its allies on the global trade war front. Yesterday someone posted on Twitter that bank of England does not reveal the audit of gold reserves. There is no accountability of the Australian gold reserves held with the bank of England. My view is that Bank of England or the Federal Reserve will not give back the reserves...Read More
A free tool can help traders bank big during the upcoming earnings season. Life After Google...Claim your copy here! Too many investors let their portfolios slip during the busy holiday season, but this is a huge mistake... especially with the market moving events just around the corner!With the crazy market action investors have been seeing lately, right now is the time to prepare to bank big w...Read More
Rosy comments from President Trump on trade helped seal a win for stocksStocks erased early losses to end higher, as traders digested the latest headlines around U.S.-China trade relations. President Donald Trump helped the Dow, S&P 500, and Nasdaq all post strong closes after he suggested the March 1 tariff deadline could be moved, and said trade talks were going well. Meanwhile, Wall Street also...Read More
Commentary courtesy of VPNGeeksThe internet can be a scarey place if you don't protect yourself from cyber threats. Using a VPN is a viable solution to protect your personal data. However, understanding the ins and outs can be complex.The importance of using a VPN cannot be stressed enough, especially in our modern internet era. Originally designed to be used by businesses, a VPN has more recently...Read More
Russia's divestiture out of dollars and into gold is bullish for the metal.50-year high in central bank demand is also boosting the yellow metal.Gold's intermediate-term trend remains up despite strong dollar.Despite the continued strength of the U.S. currency, and partly because of Russia's increased appetite for the metal, gold's bullish prospects in 2019 are as strong as they've been in...Read More
Gold Futures printed fresh highs near $1,335.48, coming from $1,323.00 lows in London morning trade. The Fed’s shift to a dovish holding pattern at the last FOMC meeting, along with uncertainty over US-China trade talks, have both been supportive of gold prices. The break of $1,335.00 level reflects the break of 61.8% Fibonacci extension from last week’s correction lower...Read More
The firm reached a settlement with Texas over Medicaid contracts The shares of Conduent Inc (NYSE:CNDT) are soaring today, after the IT company came to a settlement agreement with Texas regarding two previous contracts supporting the state's Medicaid program. As part of the settlement, Conduent will pay the state$235.9 million over a three-year period, and CEO Ashok Vemuri said "we have sufficien...Read More
Sixteen states sue Trump over border wall emergency. Is it good or bad for the yellow metal?Trump's national emergency and goldOn Friday, President Trump declared a national emergency to obtain funds for building a wall along the U.S.-Mexico border, which was his key promise during a campaign. According to the President's proclamation :the current situation at the southern border presents a borde...Read More
First Mining Gold (TSX: FF; US-OTC: FFMGF) says positive interim metallurgical test results for its Springpole gold project, located 110 km northeast of Red Lake, Ontario, could increase the project's gold recovery 13.2% to 90.6% and silver recovery 11.9% to 95.1%.M3 Engineering and Technology and ALS Metallurgy completed the flotation testwork on material from Springpole. They then performed...Read More
Toronto-based Nighthawk Gold Corp. continues to explore its Indin Lake gold property. Work done in 2018 included 2,153 grab and channel samples that led to the discovery of new high grade gold showings.Gold showings and targets at the Indin Lake gold property. (Image: Nighthawk Gold)The company also drilled the first ever holes at the Swamp target. This is a newly defined and laterally extensive g...Read More
OceanaGold Corp's. (TSX: OGC; ASX: OGC) stock was up 5.4% on Tuesday after reporting annual revenue in 2018 of $773 million and net profit before unrealised gains or losses on undesignated hedges of $124 million.Earnings before interest, tax, depreciation and amortization (EBIDTA) came in at $364 million.The company generated about $121 million in free cash flow, $346 million in operating cash f...Read More
SCCO is heading toward its fourth straight winThe shares of Southern Copper Corp (NYSE:SCCO) are in focus today, after Citi threw down a big double-upgrade to "buy" from "sell," while upping its price target on the copper name to $41 from $33. The analyst in coverage called Southern Copper its "top pick" in the mining sector, and was overall bullish on copper in general. What's more, Goldman Sac...Read More
UNIT options volume reached a new annual high earlierUniti Group Inc (NASDAQ:UNIT) is the worst stock on the Nasdaq this afternoon, as analysts slam the real estate investment trust (REIT) after a court ruling. Specifically, UNIT stock is down 40.4% at $11.90 -- and earlier touched a new record low of $10.71 -- following what the firm said is an "unfavorable court ruling" against Windstream (WIN...Read More
Gold futures rallied by nearly 2% on Tuesday to log their highest finish since April, as the stock market assumed a defensive stance on the back of the latest round of talks in the U.S.-China trade spat. Financial markets await the latest trade developments, as discussions resumed Tuesday in Washington. A 90-day tariff truce between the parties is set to end at the start of March. President Trump...Read More
Gold futures rallied by nearly 2% on Tuesday to log their highest finish since April, as the stock market assumed a defensive stance on the back of the latest round of talks in the U.S.-China trade spat. Financial markets await the latest trade developments, as discussions resumed Tuesday in Washington. A 90-day tariff truce between the parties is set to end at the start of March. President Trump...Read More
Short interest has more than doubled on WTW stock over the past two reporting periodsStocks are mostly climbing higher today, as the Nasdaq looks to lock up its seventh straight win. Among individual names making notable moves are metal components maker NCI Building Systems Inc (NYSE:NCS), toy name Mattel, Inc. (NASDAQ:MAT), and dieting expert Weight Watchers International, Inc. (NASDAQ:WTW), all...Read More